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rental property moved to single member llc
I have moved some rental properties from my name into a single member LLC. I need help understanding how to report this through TT home & business 2021. I understand the concept of the disregarded entity. I believe this needs to be split between schedule E (portion when under my own name) and schedule C (portion when owned by the LLC). The properties were refinanced with a business loan in the LLC name. Prior existing mortgages are gone. Thanks in advance for the help.
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‎January 25, 2022
12:07 PM